Congress 115 - HR 4267 - Small Business Credit Availability Act

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Topics

Administrative law and regulatory procedures Business investment and capital Finance and Financial Sector Financial services and investments Government information and archives Licensing and registrations Securities Securities and Exchange Commission (SEC) Small business

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Summary

Small Business Credit Availability Act

This bill amends the Investment Company Act of 1940 to reduce the required asset-coverage ratio applicable to a Business Development Company (BDC) from 200% to 150% if: (1) the BDC makes specified disclosures on its website and to the Securities and Exchange Commission (SEC); and (2) the modified asset-coverage ratio is approved by the required majority of the BDC's directors, general partners, or shareholders (as applicable).

The SEC must allow BDCs to use securities offering and proxy rules that are available to other issuers.

Actions

Apr 24, 2018

Placed on the Union Calendar, Calendar No. 495.
Apr 24, 2018

Reported by the Committee on Financial Services. H. Rept. 115-646.
Nov 15, 2017

Ordered to be Reported by the Yeas and Nays: 58 - 2.
Nov 15, 2017

Committee Consideration and Mark-up Session Held.
Nov 7, 2017

Referred to the House Committee on Financial Services.
Nov 7, 2017

Introduced in House
Nov 3, 2017

Hearings Held by the Subcommittee on Capital Markets Prior to Introduction and Referral.

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